$2 Billion Silicon Valley VC Veteran Joins Founders Club Technology & Cleantech Fund Advisory Board
Silicon Valley, April 1, 2011 - The Founders Club, (www.founders-club.com), a unique venture capital equity exchange fund, announced today that VC veteran Evangelos Simoudis has joined the board of advisors of its Technology & Cleantech Fund. Evangelos will nominate new CEOs and entrepreneurs to join the club investing a percentage of their future equity returns into one of The Founders Club funds in return for fund ownership and membership in the club. As an advisor to the club Evangelos will also evaluate candidates and vote on the selection committee determining who gets into the Tech & Cleantech funds.
Andrew Romans, founder and general partner said, “We are honored to have Evangelos join our advisory board. This is an important part of our strategy to make Silicon Valley a key component of our global business. Evangelos brings not only many years of active investing as a venture capitalist at Trident and Apax, but can also act as a mentor to our members demonstrated by his success as President and CEO of Customer Analytics, an eCRM company acquired by Xchange."
The Founders Club is an established family of funds where VC backed entrepreneurs agree to invest a percentage of their future equity returns into one of The Founders Club funds in return for fund ownership and membership in the club. There is no cash cost to join. Members only contribute cash from proceeds at the time they sell or liquidate their equity position in their company. Each fund comprises 20 high potential venture backed portfolio companies, thereby affording any single entrepreneur a strategy to create wealth while accomplishing portfolio diversification. Portfolio companies are selected by committees comprised of VC advisors from premier venture capital firms in the US, Europe and Israel. Entrepreneurs accepted into the club on this basis have access to other members as well as the venture capitalists serving on our Venture Advisory committees.
The Founders Club is currently accepting new members into two portfolios, namely: Technology & Cleantech Fund II (classic ITC, mediatech & environmentally friendly technology) and Healthcare & Life Science Fund I (biotech pharmaceutical, medical devices, healthcare IT & services).
Contact details
Richard Botley, Mi Liberty
Tel: +44 7920 460 375
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Andrew Romans, General Partner, The Founders Club
Tel: +1(650) 616-4140
Cell: +1(650) 475-6877
info [at] founders-club.com
www.founders-club.com
Follow on Twitter @foundersclub